Silver Rises Over 120% YTD 
Goldman Sachs has raised its gold price forecast to $3,300 an ounce by the end of 2025, up from their previous target of $3,100 announced just last month.
This bullish outlook is driven by stronger-than-expected central bank purchases, particularly from emerging markets, which analysts now estimate will average 70 tons monthly (up from 50 tons).
The bank also cites solid inflows into gold-backed ETFs as investors seek hedges amid economic uncertainty created by President Trump’s trade and foreign policy agendas. Gold has already rallied 15% this year, recently breaking the $3,000 per ounce mark for the first time.
